January 17, 2019 / 1:27 PM / 7 months ago

Italy's Carige asked for state guarantee on bond - minister

ROME, Jan 17 (Reuters) - Italy’s Banca Carige has filed an official request for state guarantee on bonds, the county’s Finance Minister Giovanni Tria said on Thursday, adding Italian government favours a private sector solution for the troubled lender.

Carige may raise up to 3 billion euros ($3.4 billion) in debt using a state guarantee after Rome approved emergency measures to shore up the ailing bank, marking a major about-face by the ruling coalition.

The request for the state guarantee has been notified to the European Commission, Tria added during a parliamentary hearing.

“We’re confident to receive a response soon” he said. ($1 = 0.8777 euros) (Reporting by Giuseppe Fonte; writing by Giulio Piovaccari)

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